Please find the most recent information by visiting the following link: https://www.bizlatinhub.com/register-company-chile-business-incorporation-formation/ Chile remains one of the most business friendly countries in all of Latin America to form a company in. Its abundance in resources, lucrative mining industry, and ease to do business in are some of the reasons for the success the Chilean market is experiencing. Although it is enticing, it can be difficult to do business in a country where one does not fully understand the regulations and laws to form a company there. In order to help you get a better insight on the steps in this process, our Chilean business experts have created a company formation presentation for Chile. We hope this helps! If you have any more questions about how to incorporate your company in Chile, find the contact sheet at the bottom of this page to get in touch with us. Doing Business in Chile - Provided is a detailed guide on the process for incorporating a company in Chile, including information on the types of companies in Chile, the duration to form a company in Chile, information about the initial capital requirements for a new legal entity in Chile and other key requirements for establishing a company in Chile. Furthermore, the steps on how to form the most common type of company in Chile and to open a corporate bank account are provided. Proudly provided by the Biz Latin Hub Group - www.bizlatinhub.com - Latin America´s leading provider of Market Entry and Back Office Services in both English and Spanish

1. Chile – How to Form a Company
in Chile?
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2. ABOUT US
The Biz Latin Hub Group was established in 2014 to
assist both local and foreign companies doing business
in Latin America, by providing a full suite of multilingual
Commercial Representation and Back Office Services.
The group is owned and managed by an experienced
team of local and expat professionals, dedicated to
assisting clients to navigate their way through the
complexities of Latin American business environment.
www.bizlatinhub.com

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8 Steps

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Step 1 – Choose the Style of Structure for
Your Business Needs
Limited
Liability
Company
There are number of different legal
structures you can choose from when
forming your company:
• Corporation (sociedad anónima)
• General Partnership (sociedad colectiva)
• Limited Liability Company (Sociedad de
Responsabilidad Limitada) and Company
by Shares (SpA)
• Association (Associación, or Cuentas en
Participación)
The majority of companies that are set up
in Chile are Limited Liability Companies
(SRL).
This presentation will outline the process
of setting up a:

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Key Considerations When Forming a
Company in Chile
•Yes
Is Foreign Ownership Allowed?
•Yes
Can Company Sponsor Foreign Employees?
•No
Capital Controls
•6-8 weeks
How Long Does it Take (Including Bank Account)
• USD 500 recommended
Minimum Capital?
• Yes
Requires a Fiscal Address and Legal
Representation?
• Chilean Peso or USD Dollars
Currency
• 1
Min Number of Shareholders

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Step 2 – Power of Attorney
Get the ball rolling…
• Whether you have someone you trust
in Chile, or you need to hire the
services of a third party to incorporate a
Company in Chilean soil, a power of
attorney must be drafted and signed.
• The idea is to provide the agent with all
faculties needed to represent you or
your foreign company in the country so
that you can form the company in a
lawful manner.

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Define what your company will do…
• In Chile, companies legally come into
existence when the bylaw is signed at
the local Notary.
• A local trustworthy lawyer must draft
the bylaw which will state and regulate
all of the main aspects and affairs of
the company such as name, purpose,
duration, capital, transitory
administrator, managers etc.
Step 3 - Bylaws

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Step 4 - Publication
Just a Formality…
An extract or excerpt of the bylaw needs to
be published in a Chilean Official
Newspaper or Newsletter within 30 or 60
days; depending on the type of company.

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Step 5 - Registration
The go-to place…
An extract or excerpt of the bylaw must be
registered in the Chilean Commerce
Registry Custodian within 30 or 60 days;
depending on the type of company.
The existence, validity and particularities
of companies are determined by the
public and binding records held by this
Custodian.

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Step 6 – Shareholders’ ID Tax Number
It is quicker than it sounds..
In accordance with Chilean Corporate
Law, all foreign nationals (individuals and
companies) that don’t have residence or
domicile in the country and intend to own
local based companies, are regarded as
investors.
As investors, a tax ID number must be
granted by the Internal Revenue Service.

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Step 7 – Company’s Tax ID Number
Almost there…
In order for the company to start operating,
a tax ID number must be granted by the
Internal Revenue Service.

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Step 8 – Bank account
Get the wine opener ready!
Finally, you just need to open a corporate
bank account to conclude the company
formation process in Chile!
Then you are able to start conducting
business in a steady and thriving
commercial hub.

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Do Not Forget!
All Companies in Chile require…
A LEGAL REPRESENTATIVE
Must be a Chilean national, or a foreign
national with the legal right to live and work
in Chile.
A FISCAL/ DOMICILE ADDRESS
An address as part of the
company registration.
Biz Latin Hub
Can provide these
services!

15. CONTACT US
www.bizlatinhub.com
Argentina
Buenos Aires
Panama
Panama City
Belize
Belize City
Brazil
São Paulo
Ecuador
Guayaquil
Chile
Santiago
Colombia
Bogotá
México
México City
Peru
Lima
contact@bizlatinhub.com

16. OUR SERVICES
www.bizlatinhub.com
• Commercial Representation Services
• Company Formation Services
• Visa Processing Services
• Accounting & Finance Services
• Legal Services
• Due Diligence Services
• IT Support Services
• Recruitment Services

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